$IMO
IMPERIAL OIL LTD

2014 Q1 Form 10-Q Financial Statement

#000119312514186420 Filed on May 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $9.226B $1.385B
YoY Change 566.14% 53.04%
Cost Of Revenue $7.018B $6.482B
YoY Change 8.27% 14.14%
Gross Profit $2.208B $1.532B
YoY Change 44.13% -17.37%
Gross Profit Margin 23.93% 110.61%
Selling, General & Admin $275.0M $254.0M
YoY Change 8.27% -10.56%
% of Gross Profit 12.45% 16.58%
Research & Development $21.00M $23.00M
YoY Change -8.7% -17.86%
% of Gross Profit 0.95% 1.5%
Depreciation & Amortization $280.0M $185.0M
YoY Change 51.35% -2.63%
% of Gross Profit 12.68% 12.08%
Operating Expenses $275.0M $254.0M
YoY Change 8.27% -10.56%
Operating Profit $1.933B $1.278B
YoY Change 51.25% -18.6%
Interest Expense $2.000M
YoY Change
% of Operating Profit 0.1%
Other Income/Expense, Net -$2.000M
YoY Change
Pretax Income $1.260B $1.070B
YoY Change 17.76% -20.86%
Income Tax $314.0M $272.0M
% Of Pretax Income 24.92% 25.42%
Net Earnings $946.0M $798.0M
YoY Change 18.55% -21.38%
Net Earnings / Revenue 10.25% 57.62%
Basic Earnings Per Share $1.12 $0.94
Diluted Earnings Per Share $1.11 $0.94
COMMON SHARES
Basic Shares Outstanding 847.6M shares 847.6M shares
Diluted Shares Outstanding 850.5M shares 850.6M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.0M $323.0M
YoY Change -68.42% -69.09%
Cash & Equivalents $102.0M $323.0M
Short-Term Investments
Other Short-Term Assets $1.032B $886.0M
YoY Change 16.48% -2.32%
Inventory $1.017B $1.099B
Prepaid Expenses
Receivables $2.738B $2.232B
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.889B $4.540B
YoY Change 7.69% -13.57%
LONG-TERM ASSETS
Property, Plant & Equipment $32.24B $27.12B
YoY Change 18.84% 35.21%
Goodwill $224.0M $224.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $1.338B $1.177B
YoY Change 13.68% 25.88%
Other Assets $59.00M $54.00M
YoY Change 9.26% -6.9%
Total Long-Term Assets $33.86B $28.58B
YoY Change 18.46% 34.44%
TOTAL ASSETS
Total Short-Term Assets $4.889B $4.540B
Total Long-Term Assets $33.86B $28.58B
Total Assets $38.75B $33.12B
YoY Change 16.99% 24.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $147.0M $48.00M
YoY Change 206.25% 500.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.843B $0.00
YoY Change
Long-Term Debt Due $1.160B
YoY Change 218.68%
Total Short-Term Liabilities $7.659B $6.883B
YoY Change 11.27% 13.06%
LONG-TERM LIABILITIES
Long-Term Debt $4.316B $2.635B
YoY Change 63.8% 212.95%
Other Long-Term Liabilities $3.114B $4.104B
YoY Change -24.12% 3.79%
Total Long-Term Liabilities $7.430B $6.739B
YoY Change 10.25% 40.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.659B $6.883B
Total Long-Term Liabilities $7.430B $6.739B
Total Liabilities $18.38B $16.10B
YoY Change 14.21% 29.9%
SHAREHOLDERS EQUITY
Retained Earnings $20.52B $17.96B
YoY Change 14.21%
Common Stock $1.566B $1.566B
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.36B $17.02B
YoY Change
Total Liabilities & Shareholders Equity $38.75B $33.12B
YoY Change 16.99% 24.93%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $946.0M $798.0M
YoY Change 18.55% -21.38%
Depreciation, Depletion And Amortization $280.0M $185.0M
YoY Change 51.35% -2.63%
Cash From Operating Activities $1.085B $597.0M
YoY Change 81.74% -42.98%
INVESTING ACTIVITIES
Capital Expenditures -$1.206B -$1.345B
YoY Change -10.33% 17.47%
Acquisitions $1.602B
YoY Change
Other Investing Activities $63.00M -$1.590B
YoY Change -103.96% -2062.96%
Cash From Investing Activities -$1.143B -$2.935B
YoY Change -61.06% 175.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -112.0M 2.179B
YoY Change -105.14% -1656.43%
NET CHANGE
Cash From Operating Activities 1.085B 597.0M
Cash From Investing Activities -1.143B -2.935B
Cash From Financing Activities -112.0M 2.179B
Net Change In Cash -170.0M -159.0M
YoY Change 6.92% 1.27%
FREE CASH FLOW
Cash From Operating Activities $1.085B $597.0M
Capital Expenditures -$1.206B -$1.345B
Free Cash Flow $2.291B $1.942B
YoY Change 17.97% -11.41%

Facts In Submission

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IncomeTaxExpenseBenefit
314000000
CY2014Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
25000000
CY2014Q1 us-gaap Interest And Debt Expense
InterestAndDebtExpense
21000000
CY2014Q1 us-gaap Interest Expense
InterestExpense
2000000
CY2014Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
92000000
CY2014Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
75000000
CY2014Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
13000000
CY2014Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
280000000
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1143000000
CY2014Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
435000000
CY2014Q1 us-gaap Interest Expense Other
InterestExpenseOther
2000000
CY2014Q1 imo Crude Oil And Product Purchases
CrudeOilAndProductPurchases
5542000000
CY2014Q1 imo Increase Decrease In Inventories Materials And Supplies And Prepaids
IncreaseDecreaseInInventoriesMaterialsAndSuppliesAndPrepaids
28000000
CY2014Q1 imo Production And Manufacturing Expenses
ProductionAndManufacturingExpenses
1476000000
CY2014Q1 imo Federal Excise Tax
FederalExciseTax
370000000
CY2014Q1 imo Book Value Of Assets Sold
BookValueOfAssetsSold
5000000
CY2014Q1 imo Total Revenues And Other Income
TotalRevenuesAndOtherIncome
9226000000
CY2014Q1 imo Production And Manufacturing Expenses Related Parties
ProductionAndManufacturingExpensesRelatedParties
86000000
CY2014Q1 imo Capital And Exploration Expenditures
CapitalAndExplorationExpenditures
1234000000
CY2014Q1 imo Operating Revenues Including Federal Excise Tax
OperatingRevenuesIncludingFederalExciseTax
9197000000
CY2014Q1 imo Crude Oil And Product Purchases Related Parties
CrudeOilAndProductPurchasesRelatedParties
770000000
CY2014Q1 imo Net Gain Loss On Asset Sales After Tax
NetGainLossOnAssetSalesAfterTax
16000000
CY2014Q1 imo Proceeds From Security Deposits
ProceedsFromSecurityDeposits
50000000
CY2014Q1 imo Deferred Income Taxes And Other
DeferredIncomeTaxesAndOther
5000000

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